If you live in Ohio, chances are that you’ve already received your stimulus checks from the federal government. The average check comes out to $1,400, which is enough for one month’s worth of groceries for a family of four.
But now that Americans are getting used to having more money in their pockets again, lawmakers are already starting talks about another round of stimulus checks. One lawmaker who has been pushing hard for more stimulus checks is Ohio congressman Tim Ryan.
Stimulus Check Payments Still Being Dished Out
He ran on promises that he would secure his seat by securing another round of stimulus checks for his constituents so they could enjoy some extra cash while prices dropped at stores throughout the country due to increased competition between businesses (which caused them all to sell products cheaply).
However, it remains unclear if lawmakers will be able to agree on how much money should go into each family’s pocketbook next time around as many congressmen oppose any further stimulus spending after seeing how poorly last year’s effort worked out.
With Americans starting to get $1,400 stimulus checks, many lawmakers are already pushing for another round of stimulus checks. The logic is pretty simple: if you give people money and they spend it, then the economy gets a boost from that spending. This is exactly what happened in 2008 when the first round of stimulus checks were sent out by President Bush.
The economic theory behind this idea is called Keynesian economics, which says that government spending can help stimulate the economy during times of recession or slow growth by putting cash into people’s hands (or bank accounts). The hope is that people will use those funds to buy goods and services, which boosts overall demand in the economy and creates jobs as companies hire more workers to meet increased demand for their products or services.
